Flexible Commercial Facility with
5409 Hickory Street Panama City, FL 32404
5409 Hickory Street, Panama City, FL, 32404
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For Sale
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Heated and cooled commercial facility with three open activity areas, reception, private office, and on-site playground.
Property Size5,000 SF
Price / SF$157.80
Days on Market121
Property Features for 5409 Hickory Street
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Property subtype
- Special Purpose
Building Details
- Year Built
- 1978
Listing agency
Counts Real Estate Group Inc
Listed by
Team Don and Bubba
Source
Crexi
Added: Mar 25 Updated: Jul 23 at 3:54AM Checked: Jul 23 at 3:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Counts Real Estate Group Inc
Investment Insights
Based on property information with market context.
This heated and cooled commercial facility is approximately 5,000 square feet and features three large open activity areas, a front reception space, a private office, a retail or display area, and dedicated storage. The interior layout is designed for efficient flow, with an on-site playground that supports school and church uses as well.
Positioned just off Tyndall Parkway on Panama City’s east side, the property is located near established businesses and popular restaurants, surrounded by dense residential communities. The location is intended to provide strong daily accessibility and visibility for a variety of operating needs.
With immediate availability for occupancy, the space offers flexibility for multiple business types, including childcare, fitness or training facilities, or a retail/office conversion, without significant reconfiguration.
Positioned just off Tyndall Parkway on Panama City’s east side, the property is located near established businesses and popular restaurants, surrounded by dense residential communities. The location is intended to provide strong daily accessibility and visibility for a variety of operating needs.
With immediate availability for occupancy, the space offers flexibility for multiple business types, including childcare, fitness or training facilities, or a retail/office conversion, without significant reconfiguration.
Key Highlights
- 5,000 SF heated and cooled commercial facility built in 1978
- Interior layout includes three large open activity areas plus a front reception space
- Includes a private office, retail/display area, and dedicated storage
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $90.0k | $18.00 |
| − Vacancy | −$7.7k | −$1.53 |
| EGI | $82.4k | $16.47 |
| − OpEx | −$24.7k | −$4.94 |
| NOI | $57.6k | $11.53 |
5,000 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$823.5K
$720.6K – $960.8K
NOI $57,645 @ 7.0% cap · market cap 7.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,020 @ 7.0% cap · market cap 11.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Day care centers
Similar For Sale Nearby
Similar Off Market Nearby
- Creative Kids Academy of Callaway — 121 N Bob Little Rd, Panama City, FL 32404
- L.A. Youth Center — 6109 Cherry St, Panama City, FL 32404
- Kingdom Keepers Christian Academy — 117A N Hwy 22 A, Panama City, FL 32404
- Alphabet Ave Childcare — 117 N Hwy 22 A, Panama City, FL 32404
FAQs
What type of property is this?
Day care center - Heated and cooled commercial facility with three open activity areas, reception, private office, and on-site playground.
Where is this day care center located?
The property is located at 5409 Hickory Street Panama City, FL.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: 5,000 SF heated and cooled commercial facility built in 1978; Interior layout includes three large open activity areas plus a front reception space; Includes a private office, retail/display area, and dedicated storage
